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by jy2947
2264 days ago
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Don't know what is going on at Zoom, but I suspected at least part of it sneaky. For example, about 3 or 4 weeks ago I heard about this company, and learned that it has R&D in China per its SEC filing at IPO. However, checked its website, the career section led me to https://jobs.lever.co/zoom, and there was ONLY one opening at China per the website (I remember it was a position at marketing department). Then I searched the company in Chinese media, and saw that they were hiring all types of engineers. That made me feel uncomfortable in buying its stock. Interestingly, now you look at the same career website, and China is removed from the list of city dropdown - maybe they are cutting off or "decoupling" the Chinese R&D? |
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"Zoom, a Silicon Valley-based company, appears to own three companies in China through which at least 700 employees are paid to develop Zoom’s software. This arrangement is ostensibly an effort at labor arbitrage: Zoom can avoid paying US wages while selling to US customers, thus increasing their profit margin. However, this arrangement may make Zoom responsive to pressure from Chinese authorities."
https://citizenlab.ca/2020/04/move-fast-roll-your-own-crypto...